Daily Agri Commodity Trading Market News By Epic Research Pvt. Ltd. - 27th August 2014

AGRI COMMODITY DAILY WRAP UP

National Market Report

• Market sentiments traded between firmer to normal zone with price

trending up for the day.

• Prequalification are invited BY HARYANASTATE FEDERATION OF

CONSUMERS COOPERATIVEWHOLESALE STORES LIMITED for

Empanelment of Suppliers for Supply of S-30 Crystal Clear Sugar un-

der PDS forth Year 2014-15 through Procurement Opening date for

prequalification has been seats 10thSep, 2014.

• Total around 604000 bags of Gur stored in cold storages till 25th Au- gust 2014 lower compared to 649000 bags at same period last year.

International Update

• CACP advocated a 4.3% rise in FRP (to Rs 230/quintal) for sugarcane

possessing an average recovery rate of 9.5% for the cropping year

201516. It is notable, that the current FRP for cane yield has been

fixed at Rs220/quintal (for 9.5% average recovery) and Rs243/quintal

(for 10.5% average recovery) for2014 15 seasons.

• Gur prices witness artificial firmness at present and likely move down

  in the coming days due to good stock availability in the Maharashtra

  markets. It is notable that cane has diverted more towards gur pro-

  duction in Pune and Sangli area this year. In addition to it, market participants is expecting early arrivals of gur for the next marketing

  year which drive the prices southwards in the medium term.

ECONOMIC NEWS

• Farmers and traders here are concerned over the government deci-

sion to bring onion under the Essential Commodities Act (ECA)

sans declaration of minimum support price (MSP) and concessions

on rail freight. To protect the interest of farmers, the government

should have declared MSP for onion as soon as it was included un-

der the Essential Commodities Act,” Lasalgaon Agricultural Pro-

duce Market Committee (APMC) Chairman Nanasaheb Patil told

reporters here over the weekend.

• Sugar industry in Maharashtra, the state that’s the biggest pro-

  ducer of the sweetener in the country, expects that the formation

  of the Sugarcane Price Control Board (SPCB) will lead to a perma-

  nent solution on the sugarcane price issue. But farmers’ organiza-

  tions are divided over the issue and some are preparing for protests

  as the state heads into assembly elections Maharashtra co-

  operation minister Harshvardhan Patil announced the names of

  the non-official members of the SPCB on Monday. The board, be-

  set up for the first time, will fix cane prices for the 2014-15

  crushing season “All the decisions related to sugarcane prices will

  be taken by the board,. The state government expects a 15% in-

  crease in sugar production in 2014-15 over the previous year.

DHANIYA

BUY DHANIYA ABOVE 12030 TGT 12060-12110 SL 11990

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